Iwasaki Electric Co Ltd <6924.T> : Says Iwasaki Electric firms business and capital alliance with Minebea Co Ltd <6479.T> on Sept. 29 . Two entities will cooperate on production contracting and joint development of road lighting equipments .Iwasaki Electric plans to distribute 3 million shares (3.83 percent stake) of its treasury common stock at via private placement to Minebea, at 423 million yen in total, on Oct. 17.
Full Article

Nikkei: Minebea's operating profit for the April-June period likely plunged 40% on the year to around 7 billion yen - Nikkei . Minebea's sales for the April-June period likely shrank 6% to around 120 billion yen - Nikkei .Minebea for the full year through March is expected to keep its forecast unchanged in light of exchange rate uncertainty - Nikkei.
Full Article

Minebea Co Ltd <6479.T>: Says the Supreme Court of the Kingdom of Thailand made its judgment for the case filed on Dec. 9, 2010, regarding dispute between the company's Thailand-based unit NMB-Minebea Thai Ltd and the Revenue Department of the Kingdom of Thailand, which dismissed the claims made by NMB-Minebea Thai Ltd. . Says the unit received an assessment of 502 million baht worth income tax liability from Revenue Department, on August 25, 2008 and the unit filed tax return then .Says the unit won the case on Oct. 13, 2010, but the Revenue Department disagreed with the judgment and appealed this case to the Supreme Court of the Kingdom of Thailand on Dec. 9, 2010.
Full Article

Mitsumi Electric Co Ltd:To conduct stock exchange with MINEBEA, effective March 17, 2017.One share of the company to be exchanged with 0.59 shares of Mitsumi Electric (47,913,630 shares is needed in total).
Full Article

* Says it resolved to voluntarily adopt International
Financial
Reporting Standards (IFRS) in preparing and disclosing its
consolidated financial results from the first quarter of the
fiscal year ending March 31, 2019

Related Topics:

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: